Pakistan records $141mn FDI inflows in May, down 17% MoM, 29% YoY

Pakistan records $141mn FDI inflows in May
Pakistan records $141mn FDI inflows in May

June 17, 2022 (MLN): The inflow of foreign direct investment (FDI) into Pakistan in May 2022 stood at $141.2 million against the inflow of $170.6mn recorded in April 2022, the monthly data released by the central bank showed on Friday.

On year on year basis, FDI saw a decline of 29% when compared to $199mn in May 2021.

Meanwhile, the country fetched FDI amounting to $1.6bn during July-May of FY22 as against $1.67bn reported in the corresponding period of the previous fiscal year (FY21), showing a nominal decline of 5%.

During the month of May 2022, the foreign private investment into the country amounted to $122.5mn, out of which, $141.2mn was attributed to direct investments, whereas disinvestment of $18.7mn was attributed to equity securities i.e., a part of portfolio investments.

Within the direct investments, there was an inflow of $167.3mn and an outflow of $26.1mn during the month.

The monthly FDI inflows were attributed to the net investment inflows of $26.6mn Norway in May 2022. While the country attracted $17.6mn, $17.3mn, $12.7 and $12.2mn net inflows from United States, China, UAE, and Switzerland respectively in the said month.

Sector-wise, the power sector attracted the highest net FDI of $38.5mn during the month of April 2022, followed by Communication with $42.3mn and Financial Business with $26.2mn.

Under the foreign public investment, $106.5mn worth of disinvestment was recorded in debt securities during the month, signifying a massive 3.6x MoM and 20.3x YoY increase against the net outflows of $29.1mn in April 2022 and $5.1mn in May 2021.

All in all, the country witnessed foreign investments of $16mn during May 2022 when compared to net inflows of $124.3mn in the previous month.

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Posted on: 2022-06-17T15:49:33+05:00